HTLF Bank Purchases Shares of 1,310 Chubb Limited (NYSE:CB)

HTLF Bank purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,310 shares of the financial services provider’s stock, valued at approximately $296,000.

Several other large investors have also added to or reduced their stakes in CB. ICA Group Wealth Management LLC purchased a new stake in Chubb during the 4th quarter valued at about $25,000. IMA Wealth Inc. grew its stake in Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in Chubb during the 3rd quarter valued at about $28,000. ZRC Wealth Management LLC purchased a new stake in Chubb during the 4th quarter valued at about $29,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Royal Bank of Canada boosted their price objective on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. BMO Capital Markets upped their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods upped their price target on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Joseph F. Wayland sold 26,946 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the transaction, the executive vice president now directly owns 95,252 shares in the company, valued at $24,481,669.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

CB stock opened at $250.21 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day simple moving average of $252.51 and a 200-day simple moving average of $234.19. The firm has a market capitalization of $101.58 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Equities research analysts anticipate that Chubb Limited will post 21.13 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.37%. Chubb’s payout ratio is 15.76%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.